European Central Bank President Christine Lagarde appears on as she attends the European Parliament’s Committee on Economic and Monetary Affairs, on the European Parliament, in Brussels, Belgium September 25, 2023.
Yves Herman | Reuters
President Christine Lagarde on Thursday stated she was “proud and honored” to leead the European Central Bank, after her management was slammed in a union-run survey of workers.
She was responding to a query in regards to the findings, printed by ECB union IPSO earlier this week, by which greater than half of respondents rated her efficiency as far as “very poor” or “poor.”
The survey’s qualitative responses urged some workers believed she had created a unfavorable ambiance on the central financial institution, and that she spends “too much time on topics unrelated to monetary policy,” IPSO stated.
Appearing unfazed, former politician and lawyer Lagarde stated that the ECB performed its personal surveys in a “way that we can trust.” These confirmed a majority of respondents say they’re completely happy to work on the establishment, would advocate working there to a good friend, and felt a mission related to their work.
The surveys are performed by round 60% of workers, and likewise cowl wages, respect within the office and office satisfaction, she stated.
“We pay great attention to these technically sound responses and we act upon them, and we will continue to do so. What keeps me going is those answers,” Lagarde advised reporters in a briefing following the ECB’s January financial coverage assembly.
“And I’m extremely proud of the staff of the ECB, and I’m very proud and honored to lead the institution, because we are driven by mission. Delivering price stability, but serving the Europeans, and we will continue doing that,” she continued.
IPSO’s survey was accomplished by round 1,100 folks. The ECB has greater than 5,000 workers and trainees.
The union stated the responses “generally” described Lagarde as being “an autocratic leader” who doesn’t essentially act in line with the values she proclaims.
She was rated considerably extra poorly than her predecessors Jean-Claude Trichet and Mario Draghi, it stated.
An ECB spokesperson known as the survey “flawed” and stated it included subjects that weren’t particular to the presidency and out of doors of IPSO’s remit. They additionally stated it might have been crammed out a number of occasions by the identical particular person.
—CNBC’s SiIvia Amaro contributed to this text.
Source web site: www.cnbc.com
